The secret of succesful traders

[smallStops]

I wrote an email to Rande Howell , psychologist thanking him very much for his free youtube videos , and told him "The first thing an aspiring trader should be taught is psychology ".It should be top of the list.

Most trading books only cover trading i.e technical anylysis , mas ,indicators , price action etc , but no mention of psychology.Books are written by writers , most never traded , so they would not know what to write about. Pschology is ten times more important , in my view.Trading is a stressful business , during trading our minds are blocked and overcome by stress , emotions and the need to be right , all the technical is ignored or takes less priority in trader's minds.

https://www.google.co.uk/search?q=s...ved=0ahUKEwj35_evudfQAhWpC8AKHY-0AEMQ_AUIBigB

hahahaha : are you talking about the subconscious taking over?
" all the technical is ignored or takes less priority in trader's mind".

May be trading has this specificity of bringing the trader to a moment where the subconscious takes over,
and may be this is why the saying " trading is a reflection of a trader's psychology" makes total sense.

 

[Trading Education Buyer]

hahahaha : are you talking about the subconscious taking over?
" all the technical is ignored or takes less priority in trader's mind".

May be trading has this specificity of bringing the trader to a moment where the subconscious takes over,
and may be this is why the saying " trading is a reflection of a trader's psychology" makes total sense.

Subconcious brain takes over , we humans revert to subconcious during uncertainty , trading is full of uncertainty .This is the way the human brain is wired , to revert to subconcious , in times of uncertainty.

This is why you get 10,000 systems for free on forex failures forums , and no psychology section to tell the readers the truth.

Go start a thread " all forex failures systems are useless" , you will get the mob after you.

 

[smallStops]

Subconcious brain takes over , we humans revert to subconcious during uncertainty , trading is full of uncertainty .This is the way the human brain is wired , to revert to subconcious , in times of uncertainty.

This is why you get 10,000 systems for free on forex failures forums , and no psychology section to tell the readers the truth.

I might be wrong, but here are you talking about how your "psychology" is set, so that when you think/feel there are uncertainties, your subconscious starts to take over? For me, my subconscious used to start to take over when the pleasure of winning started to kick in. So I am assuming that when the subconscious starts to take over , depends on the person.

You are pointing something interesting: why are there thousands of books on "technicals" or "fundementals" or "economics"; and even thousands of trading systems , but very few on psychology?

 

[Trading Education Buyer]

I might be wrong, but here are you talking about how your "psychology" is set, so that when you think/feel there are uncertainties, your subconscious starts to take over? For me, my subconscious used to start to take over when the pleasure of winning started to kick in. So I am assuming that when the subconscious starts to take over , depends on the person.

You are pointing something interesting: why are there thousands of books on "technicals" or "fundementals" or "economics"; and even thousands of trading systems , but very few on psychology?

We are sucked into greed and curiosity , by our amygdala brain , trading books offer us the perfect "greed " for money .People are looking for jobs , occupations and income , so trading books and courses offer the solution.Try offering them a psychology book , when they are looking for an income.

Now they have bigger commercial section on forex failures forum , yep all who can't trade .

 

[Trading Education Buyer]

For me, my subconscious used to start to take over when the pleasure of winning started to kick in. So I am assuming that when the subconscious starts to take over , depends on the person.

The amygdala is overresponsive in times of fear and greed , it is not regulated and is irrational brain /emotional brain.It blocks your rational brain.

 

[smallStops]

"we" : you mean you, right? as I have worked hard enough on my mindset/psychology/spirituality to understand where the greed came from, what it was really all about, and how to eliminate it in trading.

Looking for jobs, occupation and income: what is wrong with that? people are not going to stay all their waking hours not doing anything. Even full time meditators are doing something: observing themselves.

The income in trading is really the end result. Isn't it normal that people look to the end result? is it a bad thing?

Psychology books will not do. Try this instead: get the person through a 10 days dhamma (dot) org retreat, then just after let the person know they can trade only for one slot of 6 hours straight, of their choosing, in the week following the retreat. Then ask them to not trade for one month, nor meditate, and then let them trade as they see fit for one week. After that, they will themselves be hitting the psychology/mindset/spirituality sections of bookstores. Psychology is something that needs to be felt personnally to be able to understand it.

 

[smallStops]

The amygdala is overresponsive in times of fear and greed , it is not regulated and is irrational brain /emotional brain.It blocks your rational brain.

May be that is where you need to rewire your brain:
how/when did it learn this mode of overresponding?

 

[Trading Education Buyer]

May be that is where you need to rewire your brain:
how/when did it learn this mode of overresponding?

Ancestral times

 

[Trading Education Buyer]

"we" : you mean you, right? as I have worked hard enough on my mindset/psychology/spirituality to understand where the greed came from, what it was really all about, and how to eliminate it in trading.

We humans

Looking for jobs, occupation and income: what is wrong with that? people are not going to stay all their waking hours not doing anything. Even full time meditators are doing something: observing themselves.

These emotions drive people to buy trading books , just explaining these emotions of DESIRE for income.

The income in trading is really the end result. Isn't it normal that people look to the end result? is it a bad thing?

Explained .Normal.

Psychology books will not do. Try this instead: get the person through a 10 days dhamma (dot) org retreat, then just after let the person know they can trade only for one slot of 6 hours straight, of their choosing, in the week following the retreat. Then ask them to not trade for one month, nor meditate, and then let them trade as they see fit for one week. After that, they will themselves be hitting the psychology/mindset/spirituality sections of bookstores. Psychology is something that needs to be felt personnally to be able to understand it.

http://www.tradersjournal.com/index...ide-to-stress-and-coping&catid=111&Itemid=554

 

[killshottrader]

successful traders keep doing what is required to regenerate and reinvent success. They focus on creating and managing edges, period. The idea "one is ones word enemy" suggests a severe mental or emotional problem to me, nothing more. Trading high vig instruments at high rate of turnover with no real edge creates all kinds of rationales and bizarre beliefs - seen it many times.